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You can invest in taxable bonds that are paying a yeild of 9.50 percent or a munciipal bond paying a yeild of 7.75 percent. I

You can invest in taxable bonds that are paying a yeild of 9.50 percent or a munciipal bond paying a yeild of 7.75 percent. I f you marginal tax rate in 21%, which should you buy?

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